Halliburton Company (HAL) To Go Ex-Dividend on September 2nd

Halliburton Company (NYSE:HAL) announced a quarterly dividend on Saturday, August 22nd. Shareholders of record on Wednesday, September 2nd will be given a dividend of 0.17 per share by the oilfield services company on Wednesday, September 23rd. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, September 2nd.

Halliburton has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Halliburton has a payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Halliburton to earn $2.92 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 23.3%.

Halliburton Price Performance

HAL opened at $36.19 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. The stock has a market capitalization of $30.15 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 2.27 and a beta of 0.73. The stock’s 50 day moving average price is $33.82 and its 200-day moving average price is $36.55. Halliburton has a 52-week low of $21.40 and a 52-week high of $43.59.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share. On average, equities research analysts predict that Halliburton will post 2.34 EPS for the current year.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.